L-R: Bawo Omagbitse, General Manager, Strategy and Planning of PAN and Board chairman, NAMA; Segun Ajayi-Kadir, DG, Manufacturers Association of Nigeria (MAN); Nunu Diwan, CEO, Iron Products Industries Ltd, Board member NAMA and Remi Olaofe, Executive Director, NAMA during a courtesy visit to the Director General at MAN House, lkeja, Lagos on Tuesday, October 10, 2023
Representatives of the newly constituted governing board of the Nigeria Automobile Manufacturers Association (NAMA) on Tuesday paid a courtesy visit to Segun Ajayi-Kadir, the Director General of the Manufacturers Association of Nigeria (MAN).
Both stakeholders in the auto manufacturing value chain emphasised the need for better synergy between them on how to move Nigeria’s struggling local automotive industry forward.
During the official visit of the board of NAMA led by the Chairman, Bawo Omagbitse of PAN to the MAN House located on Awolowo Road, Ikeja, Lagos, the team sought for the restoration of the hitherto cordial relationship existing between NAMA and MAN.
The NAMA governing board representatives which include Nunu Diwan of Iron Products Industries Ltd and Remi Olaofe, Executive Director of NAMA, expressed the imperative of the local automotive assemblers to get more involved and visible in MAN’s activities and programmes.
NAMA also expressed hope that going forward, MAN should be vocal on policies relating to the automotive sub-sector.
Being at leadership advocacy position in promoting growth and sustainability of the manufacturing sector, MAN is expected to support the National Automotive Design and Development Council (NADDC) in canvassing for the enactment of the 2023 NAIDP Bill, which journey started in 2013.
Both parties expressed dissatisfaction at the slow-speed Nigeria’s automotive industry is moving when compared to some other African countries.
The MAN and NAMA team took a critical look at the Africa Continental Free Trade Agreement. (AfCTA), and wondered why Nigeria should not play that leading role as an automotive hub in the African continent considering the large population, rich human capital and economic base.
During the visit, the imperative of bolstering local content to complement the sourcing of over 2000 parts in a vehicle was examined and it was agreed that content development would be driven by the appropriate policy environment.
In 2013, the Federal Government had unveiled the National Automotive Policy with a view to boosting local vehicle assembly and making the industry competitive.
Ten years down the line, many industry followers and stakeholders are still skeptical that, the policy has been a mixed bag of successes and failures.
The automotive sub-sector, however, has huge potential for growth and job creation, and with the collaborative actions of all critical stakeholders, the future outlook is positive.